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USDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00MUSDT5.00%$145.00BUSDC4.50%$60.00BUSDe12.50%$5.20BRSWAN6.50%$5.00BUSDS5.00%$4.10BsDAI6.00%$2.80BPYUSD3.70%$2.50BUSYC3.85%$2.10BBUIDL3.43%$1.78BSAFO3.75%$1.00BBENJI3.54%$894.00MMPL-USDC9.50%$820.00M
USD

How to Buy Ethena USDe (USDe)

Ethena LabsStablecoins

This guide walks you through buying Ethena USDe (USDe), a stablecoins asset on Ethena Labs currently earning 12.50% APY. Follow these 5 steps to start earning yield on your investment.

1

Set Up a Wallet

To invest in USDe, you need a compatible crypto wallet. We recommend MetaMask or Rabby for browser-based wallets, or Coinbase Wallet for mobile. Make sure your wallet supports one of the following chains: ethereum, arbitrum, base. Write down your seed phrase and store it securely -- never share it with anyone.

2

Get Stablecoins

USDe is typically purchased with USDC or USDT. You can buy stablecoins on any major exchange (Coinbase, Kraken, Binance) and send them to your wallet on ethereum. If you already have crypto, you can swap to USDC on a DEX like Uniswap or 1inch.

3

Complete KYC (If Required)

Good news: USDe on Ethena Labs does not require KYC verification. You can invest directly from your wallet without identity verification. Note that regulatory requirements may change, so check the protocol's current requirements before investing.

4

Connect to Protocol

Visit the Ethena Labs platform at https://ethena.fi and connect your wallet. Make sure you are on the correct network (ethereum). Review the terms and conditions carefully. Check that the URL is correct to avoid phishing sites -- always access the protocol through official links or bookmark the site.

5

Make Your Investment

Select USDe from the available products and enter the amount you want to invest. Review the current APY (12.50%), any fees, and the lock period (7 days (for sUSDe unstaking)) before confirming. Approve the stablecoin spend and confirm the transaction in your wallet. Your yield will start accruing immediately after the transaction confirms.

Ready to invest in USDe?

Start earning 12.50% APY on Ethena Labs today.

Frequently Asked Questions

What is USDe?

Synthetic dollar protocol backed by delta-hedged staked ETH positions. Staked USDe (sUSDe) earns yield from funding rates and staking rewards.

What APY does USDe currently offer?

USDe currently offers 12.50% APY. The 7-day average APY is 11.80% and the 30-day average is 13.20%. Yields can fluctuate based on market conditions.

Is KYC required to buy USDe?

No, USDe does not currently require KYC verification. You can invest directly from your wallet.

What chains is USDe available on?

USDe is available on ethereum, arbitrum and base.

Is there a lock-up period?

Yes, USDe has a lock period of 7 days (for sUSDe unstaking). Make sure you are comfortable with this timeline before investing.

View full USDe analysis

USDe Overview

Current APY
12.50%
TVL
$5.20B
Min Investment
None
KYC Required
No
Chains
ethereum, arbitrum, base
Risk Level
medium risk
Lock Period
7 days (for sUSDe unstaking)
Audit Status
audited

Quick Links

USDe AnalysisEthena Labs ProtocolYield ScreenerYield Calculator